NEXTMEDIA.NS down 25.98% INR 3.79 on NSE 23 Mar 2026: monitor INR 3.51 support

NEXTMEDIA.NS stock led the losers on the NSE at close on 23 Mar 2026 after a steep 25.98% drop to INR 3.79. Next Mediaworks Limited (NEXTMEDIA.NS) fell from a previous close of INR 5.12, with intraday range INR 3.51–4.10 on heavy volume 97,467.00 shares. The move widened the gap versus the 50‑day average INR 5.50 and 200‑day average INR 6.22, forcing traders to reassess short‑term support and valuation.

NEXTMEDIA.NS stock: intraday price action and volume

The main fact: Next Mediaworks (NEXTMEDIA.NS) closed at INR 3.79, down 25.98% on the day on the NSE. Volume spiked to 97,467.00 shares vs average volume 10,384.00, producing a relative volume of 26.95. This is one of the largest single‑day volume surges for the name in 2026.

One clear market signal is the size of the fall versus recent trading ranges. The stock opened at INR 4.10, hit a day low of INR 3.51, and ended well below the 50‑day moving average INR 5.50, confirming a sharp short‑term selloff.

Why NEXTMEDIA.NS fell today

Market moves reflect a mix of weak sector tone and company specifics. Communication Services peers are down YTD and broadcaster names have been under pressure, dragging NEXTMEDIA.NS down alongside lower ad spends and audience shifts. The Communication Services sector YTD is roughly -12.10%, adding context for the drop.

Company metrics amplify investor caution: a low reported PE of 0.44 and unusually high net debt to EBITDA raise solvency questions despite positive EPS per share. Traders cited thin liquidity and a concentrated sell order flow as drivers of the rapid decline.

Fundamentals and valuation snapshot for Next Mediaworks Limited (NEXTMEDIA.NS)

Next Mediaworks Limited reports EPS INR 9.55 and a trailing PE near 0.44, while market cap stands at INR 278,274,497.00 and shares outstanding 66,892,908.00. The company operates under the Radio One brand across major Indian cities and is a subsidiary of HT Media Limited.

Key ratios show stress: book value per share is negative at -INR 4.69, PB ratio -0.89, and enterprise value to sales near 20.26. Operating cash flow per share reads 0.00, signaling limited cash conversion in the last twelve months.

Technicals, liquidity and Meyka AI grade

Technical indicators show momentum weakening: RSI 43.22, MACD histogram -0.01, ADX 19.57 (no trend). Bollinger middle band sits at INR 5.36 while the lower band is INR 4.59, indicating the current close trades below the lower band. Short‑term support sits near the day low INR 3.51 and psychological round number INR 3.00.

Meyka AI rates NEXTMEDIA.NS with a score out of 100: 66.30 — Grade B (HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects monthly INR 4.99, quarterly INR 4.91, and yearly INR 6.08. These forecasts compare to the current price INR 3.79, implying model‑based upside of 31.66% (monthly) and 60.31% (yearly). Forecasts are model‑based projections and not guarantees.

Sector context, liquidity and trading risks for NEXTMEDIA.NS

NEXTMEDIA.NS sits in the Broadcasting industry inside Communication Services, a sector that has lagged broader markets this year. Average sector volatility has risen and the stock’s liquidity is thin: average volume 10,384.00 versus today’s 97,467.00, raising execution and volatility risk for large orders.

Investors should note the company’s negative tangible book and limited free cash flow, which magnify downside risk during selloffs. Short interest and concentrated holdings can exacerbate moves and widen bid‑ask spreads in low‑liquidity names like NEXTMEDIA.NS.

Short‑term outlook and realistic price targets

Analyst consensus is mixed and there is no widely published price target. Based on technical support and Meyka AI forecasts, conservative near‑term price targets are: INR 4.90 (short term resistance), INR 6.08 (12‑month model target), and downside support at INR 3.51 and INR 3.00 if selling pressure persists.

These targets combine technical levels with model outputs; they assume no major corporate event. Traders should size positions for higher volatility and consider stop‑loss discipline given the stock’s thin trading profile.

Final Thoughts

NEXTMEDIA.NS stock finished the NSE session on 23 Mar 2026 as a top loser, down 25.98% to INR 3.79 on outsized volume 97,467.00. The drop re‑tests intraday support at INR 3.51 and leaves the name well below its 50‑day (INR 5.50) and 200‑day (INR 6.22) averages. Fundamentals are mixed: a trailing PE of 0.44 and EPS INR 9.55 sit against negative book value and weak cash conversion. Liquidity risk remains elevated given average volume 10,384.00. Meyka AI’s forecast model projects monthly INR 4.99 and yearly INR 6.08, implying potential upside of 31.66% and 60.31% versus the current price INR 3.79, but these are model‑based projections and not guarantees. For traders, the immediate decision point is whether the INR 3.51 support holds; for longer‑term investors, improving cash flow or a clear operational turnaround would be required to justify higher risk exposure. Use tight position sizing and confirm any trade with updated company news and liquidity checks. For more data and live alerts see Next Mediaworks on the company site source and the NSE quote page source. Meyka AI provides this as AI‑powered market analysis, not personalised advice.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.